Connecticut-based AQR Capital Management has implemented Fidessa's Sentinel pre- and post-trade solution to automate its trade compliance management across all business lines.
With over $90.2 billion in assets under management, AQR will leverage Sentinel to streamline workflows and improve order validation speed. The solution also features a real-time rules engine that will help AQR keep pace with new regulatory developments.
"These are trying times for asset managers," says Megan Costello, president of Fidessa's North American buy-side business. "They face heightened levels of market complexity and unprecedented waves of new regulation, all while under pressure to reduce costs in a world of shrinking margins. For a sophisticated, high-volume quantitative shops such as AQR, an engine that could automate compliance and validate orders with speed across a range of different asset classes was something they thought only Fidessa could provide."
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails